The Greek government is expected begin negotiations on a three-year plan, valued at over $90 billion, to deal with its international debt.
Debt activists say there is the possibility of a debt crisis in other areas, especially in the developing world. Tim Jones is with a British group called the Jubilee Debt Campaign. It studies debt owed by countries around the world. This month, the group released a report called, “The new debt trap: How the response to the last global crisis has laid the ground for the next”.